1. What does government do to promote economic well-being?
1.1. The New Deal expanded the federal government’s role in the economy. It created dozens of new programs and agencies aimed at reforming the banking system, helping businesses, and providing jobs.
1.2. The government promotes economic stability in part by creating a widely accepted currency—the dollar—that maintains its value. The government also promotes stability by stimulating business activity during economic slowdowns. It does this through tax incentives, which encourage businesses to invest in new capital equipment, and through tax rebates, which encourage consumers to spend more money.
1.4. - The article tells what the government tires to do to support the economy in the beginning then then goes on to support it what history of what the government has done all in all in the past.
2. How should government address externalities and public goods?
2.1. Without government intervention, such negative externalities can cause great, even if unintended, harm.
2.2. A government, by contrast, does not seek to make a profit. Rather, it can pay for public goods with tax dollars, thus ensuring that all taxpayers contribute to the cost.
2.4. - The first part of this article tells what the government does in terms of externalities and then goes on to explain what they are in detail including bits about the government's roll in each.
3. How does the government protect property rights?
3.1. The Constitution lays the foundation for a legal system that protects property rights. No matter what form property takes, property rights entitle the owner to determine how it is used.
3.2. Property rights are so basic to our free enterprise system that the government is empowered by the Constitution to protect them.
3.4. - This article goes into detail about how the government is involved with protecting property rights, it gives the definition, some laws about property rights and how they came to pass and some examples of how the government is involved specifically and later even goes into private property rights.
4. What regulatory roles does government play in our economy?
4.1. Maintaining Competition, Protecting Consumers, Savers, and Investors, Protecting Workers, Regulation, Balancing costs and benefits.
4.2. Regulatory Agency: a unit of government created to set and enforce standards for a particular industry or area of economic activity
4.4. - "Historically, the degree to which the government has played a role in the economic structure of the country has defined the large differences in the outlook and well-being of the citizens of the United States." The article tells a lot about how the government basically jump starts our economy when needed and tries to keep everything in balance.
